Saturday Jan 28, 2023

Avoid the audit: The importance of taxing employee perks – BenefitsPro


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The emergence of more widespread hybrid and remote work since 2020 has complicated tax filings for many companies. What’s new about the 2021 tax year, though, is the emergence of remote work as a long-term setup for businesses. This was likely the first full year many companies began hiring, supporting, and compensating a remote workforce.

With this changing work environment, companies also rolled out new incentives to attract and retain talent, like brand new employee benefits packages and perk programs. A study from Joblist revealed 67% of job seekers value benefits more now than they did prior to the pandemic. Of those surveyed, 54% said they would actually consider taking a lower-paying job if it came with a better benefits package.


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